Ether Drops 2.81% in One Hour to $2,018 on Binance Spot Market

Ether (ETH) dropped 2.81% in one hour to $2,018 on Binance’s ETH/USDT spot market at 10:42 a.m. ET on Nov. 10, while long liquidations outpaced short liquidations across three exchanges.

The comparison uses public Binance spot prices collected for the same trading pair at the start and end of the hour. ETH was $2,077 at 9:42 a.m. ET, a $59 difference from the later quote. At 10:42 a.m. ET, it was down 5.78% from 24 hours earlier.

During that same hour, $26.28 million in long positions were liquidated across Binance, Bybit and OKX, compared with $3.51 million in short positions. The liquidation figures cover those three exchanges; the spot price and one-hour percentage change refer specifically to Binance’s ETH/USDT market.

Long positions benefit from rising prices, while short positions benefit from declines. Ether is the second-largest cryptocurrency by market capitalization. During the measured hour, positions betting on a rise accounted for most of the liquidations on the three exchanges.